Media
Media Digest (10/8/2010) Reuters, WSJ, NYT, FT, Bloomberg
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Last Updated:
Reuters: The federal government will supply states with $1.5 billion in funds for small businesses.
Reuters: Financial leaders around the world have begun to work to stop a currency war.
Reuters: Japan will continue currency intervention.
Reuters: Microsoft (NASDAQ: MSFT) will license some patents for Hewlett-Packard’s (NYSE: HPQ) Palm.
Reuters: The United Arab Emirates (UAE) says it has resolved its differences with Research In Motion (NASDAQ: RIMM) over BlackBerry use.
Reuters: Adobe (NASDAQ: ADBE) shares rose on rumors it could be bought by Microsoft (NASDAQ: MSFT).
Reuters: Sanofi-Aventis shares fell as it continued it pursuit of Genzyme (NASDAQ: GENZ).
Reuters: The head of Potash (NYSE: POT) once again rejected a bid from BHP Billiton (NYSE: BHP).
WSJ: More questions came up about whether BP plc (NYSE: BP) allowed its analysis of the Gulf disaster to be tainted by an internal review.
WSJ: The fall of the dollar further angered some world leaders ahead of an IMF meeting.
WSJ: The Justice Department has begun to examine charges of bribery by Schlumberger in Yemen.
WSJ: The FDIC will announce new rules for the break-up of failed banks.
WSJ: The government will tell HSBC (NYSE: HBC) to improve risk management.
WSJ: Amazon.com (NASDAQ: AMZN) opened an app store for Android to compete with one operating by Google Inc (NASDAQ: GOOG).
WSJ: MGM will declare bankruptcy.
WSJ: Moody’s may upgrade China’s bonds.
WSJ: Quarterly sales rose at Alcoa (NYSE: AA).
WSJ: The federal deficit should be below $1.3 trillion for the current fiscal.
WSJ: Toyota Motor (NYSE: TM) will launch a new Prius model.
WSJ: News organizations will build apps for the new Samsung Galaxy tablet PC.
WSJ: Electronic trading of the yuan will begin soon.
WSJ: US companies have begun to slow lay-offs but have not begun to add workers.
WSJ: The Social Security Administration sent 89,000 checks to dead people.
WSJ: Both US parties have begun to criticize China.
WSJ: The ECB left rates flat and pressed for more austerity programs.
WSJ: Greece will begin to sell some of its national assets to the private sector.
WSJ: China will try to consolidate steel companies to improve quality production.
WSJ: Restaurants have begun to see a return of customers.
WSJ: S&P set GM’s ratings above Ford’s (NYSE: F).
WSJ: Novartis set a deal to speed vaccine production.
WSJ: Nokia (NYSE: NOK) has begun work to lure mobile software applications developers.
WSJ: Private equity firms have had recent trouble raising money.
WSJ: China sold off some of its investment in Japanese assets.
NYT: Companies with junk ratings are able to raise money in a low interest rate period.
NYT: GM will be able to pay low wages at a plant which will build small cars.
NYT: S&P says nations will have to cut retirement benefits.
Bloomberg: Germany’s exports fell.
Bloomberg: BRICs opposed the US on currency controls.
Douglas A. McIntyre
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